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Canon on scathing fall of 21% of profit

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Canon has disclosed its quarterly earnings that show the loss of 21% with previous year’s comparison along with the falling of 4.5% of total revenue.

As we have heard it many times that smartphones are constantly eating up the DSLR market and now Canon also have been contracted with its impact. However, Canon is intentionally not interested in the mirrorless market. And one of the huge causes is the increasing popularity of Sony’s A7 series camera.

However, according to the new report Canon will put their all focus to enhance their mirrorless business from 2016.

So, the interesting thing to see is how Canon comes to the market and impresses the users by offering the camera that every photographers demanding of.

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